Armenia vs Iceland - Cost of Living Comparison

Armenia Iceland
🚶 Cost of living one person
$884
$2054
👨‍👩‍👧‍👦 Cost of living Family
$2044
$4429
🏠 One person rent
$486
$1154
🏘️ Family rent
$832
$1857
🍽️ Food expenses
$277
$646
🚐 Transport expenses
$34.8
$80.9
💳 Monthly salary after tax
$465
$3402
💸 GDP per capita
$4266
$59264
😃 Human freedom index
8.2
8.77
❤️ Life expectancy
75.2
83.1
👮 Corruption perceptions index
49
74
🌐 English speaking %
8%
90%
🎓 Higher education
55
81
😀 Quality of life
57
79
🏙️ Population
2.93M
357K

The average cost of living in Armenia ($884) is 57% less expensive than in Iceland ($2054). Armenia ranked 82nd vs 7th for Iceland in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.5 months in Armenia compared to 1.7 months in Iceland. Ranked 65th and 15th best countries to live in the world.

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the estimated difference in money purchasing power

Cost of living in Armenia vs Iceland infographic

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Prices in Armenia vs Iceland

We calculate prices for Armenia and Iceland as a population-weighted mean of 10 and 5 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Armenia Iceland
Eating Out
🍱 Lunch Menu
$6.76
$16
🥂 Dinner in a Restaurant, for 2
$31.9
$82.3
🥪 Fast food meal, equiv. McDonald's
$6.09
$12.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.36
$8.36
 Cappuccino
$2.51
$4.52
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.84
$2.35
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$568
$1209
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$377
$972
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1071
$1887
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$647
$1634
🔌 Utility Bill one person, electricity, heating, water, etc.
$52.4
$70.9
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$81
$109
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$18.6
$63.5
🏦 Mortgage Interest Rate for 20 Years
11.85%
5.27%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1986
$5314
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$923
$3930
Transportation
🚌 Local transport ticket
$0.26
$3.59
🎟️ Monthly ticket local transport
$14.3
$76.5
🚕 Taxi Ride, 8 km or 5 mi
$3.42
$24.2
 Gas / Petrol, 1 L or 0.26 gal
$1.25
$2.11
Groceries
🥛 Milk, 1 L or 1 qt
$1.18
$1.38
🍞 Bread, 0.5 kg or 1.1 lb
$0.58
$3.37
🍚 Rice, 1 kg or 2.2 lb
$2.09
$3.34
🥚 Eggs, x12
$2.14
$5.66
🧀 Cheese, 1 kg or 2.2 lb
$6.71
$13.3
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.25
$16.3
🥩 Round Steak, 1 kg or 2.2 lb
$9.68
$23.2
🍏 Apples, 1 kg or 2.2 lb
$1.12
$2.74
🍌 Banana, 1 kg or 2.2 lb
$1.66
$2.18
🍊 Oranges, 1 kg or 2.2 lb
$1.68
$2.38
🍅 Tomato, 1 kg or 2.2 lb
$1.85
$4.22
🥔 Potato, 1 kg or 2.2 lb
$0.72
$2.45
🧅 Onion, 1 kg or 2.2 lb
$0.72
$1.35
🌊 Water, 1 L or 1 qt
$0.42
$1.25
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.51
$2.3
🍾 Wine (mid-priced), 750 mL bottle
$7.04
$19.7
🍺 Beer, 0.5 L or 16 fl oz
$1.09
$2.79
🚬 Cigarette pack
$1.87
$11.6
💊 Cold medicince, 1 week
$7.2
$11.6
🧴 Hair Shampoo
$2.93
$5.46
🧻 Toilet paper, 4 rolls
$1.63
$3.91
👄 Toothpaste, 1 tube
$1.86
$2.88
Other
🏋️ Gym Membership, 1 month
$54.9
$59
🎫 Cinema Ticket, 1 person
$5.51
$12
👩‍⚕️ Doctor's visit
$18.6
$43.9
💇 Haircut, simple
$4.07
$36
👖 Brand Jeans
$67.8
$114
👟 Brand Sneakers
$99.2
$151
👶 Daycare or Preschool, 1 month
$239
$288
🏫 International Primary School, 1 year
$5095
$4888

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Cities Comparison in Armenia vs Iceland

More countries to compare

Cost of Living in Popular cities

In Armenia

City Cost of living Population
Yerevan
$976
1.08M
Gyumri
$529
122K
Vanadzor
$690
90.5K
Abovyan
$675
44.4K
Kapan
$746
43.2K
Armavir
$687
38.6K
Ashtarak
$749
21.6K
Goris
$746
20.6K
Masis
$511
21.4K
Spitak
$743
15K

In Iceland

City Cost of living Population
Reykjavik
$2127
129K
Kopavogur
$2132
34.1K
Hafnarfjorur
$1961
28.7K
Akureyri
$1701
18.9K
Keflavik
$1883
16.5K